A strategic alliance:
A. is a collaborative arrangement where companies join forces to defeat mutual competitive rivals.
B. involves two or more companies joining forces to pursue vertical integration.
C. is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, the joint contribution of resources, shared risk, shared control, and mutual dependence.
D. is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing.
E. is usually a cheaper and more effective way for companies to join forces than a merger.
Answer: is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, the joint contribution of resources, shared risk, shared control, and mutual dependence.